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HomeNEWSBahamas Urges Banks to Adopt Sand Dollar Central Bank Digital Currency CBDC

Bahamas Urges Banks to Adopt Sand Dollar Central Bank Digital Currency CBDC

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The Bahamas is not the only country encountering obstacles in the adoption of CBDC. Challenges have also arisen in other nations such as China and Nigeria. In China, there have been reports of government employees involved in the CBDC trial opting to exchange their digital yuan for physical cash. This decision is influenced by worries about restricted functionality and the possibility of government monitoring.

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